Breaking news
John Lewis axes staff bonus for first time since 1953 after losing £635m in six months and closing eight stores Chairman Dame Sharon White told partners announcement ‘will come as a blow’ She said company expect to pay out bonus again once its profits exceed £150m The retail group plunged to £635m pre-tax loss for … Read more
Hitachi axes plans for North Wales nuclear power plant after struggling to secure government funding By James Salmon Associate City Editor For The Daily Mail Published: 22:10 BST, 15 September 2020 | Updated: 22:51 BST, 15 September 2020 Hitachi is set to ditch plans for a power station in North Wales, in another major setback … Read more
The BBC is today facing a backlash after announcing it has axed Sue Barker, Matt Dawson and Phil Tufnell from A Question Of Sport in a move to ‘diversify’ the show. The former tennis player, 64, has been axed as host of the show, alongside the team captains, so that bosses can draft in fresh … Read more
First-time buyers hit as HSBC pulls 90% mortgages amid worries that a surge in applications would ‘put property purchases at risk’ HSBC will temporarily suspend deals for borrowers with a 10 per cent deposit Most lenders pulled these deals earlier this year due to reduced staff numbers As of this morning there were just 62 … Read more
French theatre axes British artistic director, 63, after she was accused of not saying ‘Bonjour’ to staff every day Ruth Mackenzie had been the artistic director at France’s Theatre du Chatelet Her contract was terminated on Friday in what she called ‘unbelievably brutal’ She said an independent inquiry into her management style found no evidence … Read more
Coffee and sandwich chain Pret a Manger has axed 2,800 roles from its shops as the coronavirus crisis continues to hammer UK plc. In a statement released today, Pret chief executive Pano Christou said the coronavirus pandemic ‘has taken away almost a decade of growth at Pret’. He added that the popular cafe franchise had … Read more
Southern Cross Austereo’s Hit Network axes 19 regional breakfast shows as the company ‘adapts’ to the coronavirus recession By Zoe Burrell For Daily Mail Australia Published: 00:39 BST, 21 August 2020 | Updated: 00:39 BST, 21 August 2020 Last week, Channel 10 announced at least 25 jobs cuts in response to the COVID-19 recession. And … Read more
Exam board Pearson has pulled its BTEC results less than 24 hours before releasing them, sparking a fresh round of results chaos for nearly half a million pupils. Pearson, the provider of BTECs, told schools and colleges not to publish level 1 and 2 results in the vocational qualifications to give them time to re-grade … Read more
Jet2 axes 102 pilots in latest ‘kick in the teeth’ for air industry as more flights from Spain are cancelled after Covid quarantine extension Jet2 cuts up to 102 pilot jobs as quarantine measures blight the aviation industry Company says it is ‘greatly distressed and deeply regrets’ wave of redundancies Last month it cancelled flights … Read more
Ladbrokes Coral owner axes dividend after closed shops and cancelled sports events leave profits flat Bingo games such as Gala Bingo and Foxy Bingo grew strongly in popularity New chief executive Shay Segev took over from Kenny Alexander last month GVC Holdings predicts the year’s underlying earnings will be £720m to £740m By Harry Wise … Read more